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Orm, you will need the NRICs of the sellers and buyers of both flats. Please read the Terms and Conditions of the ECF in Section 7 of this application form. Words with a plural meaning will also include the singular meaning and words referring to males will also include females. Section 1 Particulars of ECF Applicants ( Contra Party ) Name NRIC No. 1. 2. 3. 4. Section 2 Details of Flat to be Sold by Contra Party (Flat A) Address:.
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Enactment FAQ
The Contra Facility and Enhanced Contra Facility allow you to sell your existing HDB flat and at the same time, buy another HDB flat using the sale proceeds and refunded CPF monies.
The HDB Contra Payment Facility is basically a scheme that helps existing flat owners to easily transition (financially) from the sale of their existing HDB flat to the purchase of the resale one.
With the Enhanced Contra Facility (ECF), you may: Sell your existing HDB flat and buy another resale HDB flat at the same time, using the cash proceeds and refunded CPF savings*
If you have no children from your marriage, you can take over the flat under the Single Singapore Citizen (SSC) Scheme or to include another person to retain the flat. Alternatively, if the Minimum Occupation Period (MOP) is satisfied, you can sell the flat in the open market.
HDB MOP is a rule that restricts you from selling or renting out the entire flat during the first five years of moving in. During the MOP, you are also not allowed to buy another private property.
The MOP is usually 5 years for most HDB properties including Executive Condominiums. Until you have reached this MOP, you are obliged not to sell your property on the open market or rent out the entire unit. Additionally, HDB property owners cannot buy private residential properties before reaching this MOP.
"Owner Doing Contra" simply means that the current owner is looking into selling his unit and buying another one and wanted both transactions to be executed at the same time.
Allowing you to sell your existing HDB flat in order to upgrade to another resale HDB flat back to back, using the sale proceeds and refunded CPF monies.
From August 2023 onwards, first-time homebuyers who register one non-selection will be relegated to second-timer status for a year. If they then still decline to choose a flat, they will be blocked from HDB sales exercises for a year. The change will also apply to the Sale-of-Balance-Flats (SBF) programme.
Contra Unit is a villainous professional wrestling stable in Major League Wrestling (MLW) and Southern Honor Wrestling (SHW). It consists of Ikuro Kwon and Mads Krügger.
Yes you can appeal to hdb requesting them to take back your flat , however chances are slim for your appeal to be successful. Even if your appeal is successful, you will probably get a better price for yourself if your hdb is sold to the open, resale market instead .
Both essentially do the same thing – it is an additional loan that makes up the shortfall in funds while waiting for the sale proceeds from your resale of the current property.
The Contra Facility and Enhanced Contra Facility allow you to sell your existing HDB flat and at the same time, buy another HDB flat using the sale proceeds and refunded CPF monies.
The HDB Contra Payment Facility is basically a scheme that helps existing flat owners to easily transition (financially) from the sale of their existing HDB flat to the purchase of the resale one.
With the Enhanced Contra Facility (ECF), you may: Sell your existing HDB flat and buy another resale HDB flat at the same time, using the cash proceeds and refunded CPF savings*
If you have no children from your marriage, you can take over the flat under the Single Singapore Citizen (SSC) Scheme or to include another person to retain the flat. Alternatively, if the Minimum Occupation Period (MOP) is satisfied, you can sell the flat in the open market.
HDB MOP is a rule that restricts you from selling or renting out the entire flat during the first five years of moving in. During the MOP, you are also not allowed to buy another private property.
The MOP is usually 5 years for most HDB properties including Executive Condominiums. Until you have reached this MOP, you are obliged not to sell your property on the open market or rent out the entire unit. Additionally, HDB property owners cannot buy private residential properties before reaching this MOP.
"Owner Doing Contra" simply means that the current owner is looking into selling his unit and buying another one and wanted both transactions to be executed at the same time.
Allowing you to sell your existing HDB flat in order to upgrade to another resale HDB flat back to back, using the sale proceeds and refunded CPF monies.
From August 2023 onwards, first-time homebuyers who register one non-selection will be relegated to second-timer status for a year. If they then still decline to choose a flat, they will be blocked from HDB sales exercises for a year. The change will also apply to the Sale-of-Balance-Flats (SBF) programme.
Contra Unit is a villainous professional wrestling stable in Major League Wrestling (MLW) and Southern Honor Wrestling (SHW). It consists of Ikuro Kwon and Mads Krügger.
Yes you can appeal to hdb requesting them to take back your flat , however chances are slim for your appeal to be successful. Even if your appeal is successful, you will probably get a better price for yourself if your hdb is sold to the open, resale market instead .
Both essentially do the same thing – it is an additional loan that makes up the shortfall in funds while waiting for the sale proceeds from your resale of the current property.
The Contra Facility and Enhanced Contra Facility allow you to sell your existing HDB flat and at the same time, buy another HDB flat using the sale proceeds and refunded CPF monies.
The HDB Contra Payment Facility is basically a scheme that helps existing flat owners to easily transition (financially) from the sale of their existing HDB flat to the purchase of the resale one.
With the Enhanced Contra Facility (ECF), you may: Sell your existing HDB flat and buy another resale HDB flat at the same time, using the cash proceeds and refunded CPF savings*
If you have no children from your marriage, you can take over the flat under the Single Singapore Citizen (SSC) Scheme or to include another person to retain the flat. Alternatively, if the Minimum Occupation Period (MOP) is satisfied, you can sell the flat in the open market.
HDB MOP is a rule that restricts you from selling or renting out the entire flat during the first five years of moving in. During the MOP, you are also not allowed to buy another private property.
The MOP is usually 5 years for most HDB properties including Executive Condominiums. Until you have reached this MOP, you are obliged not to sell your property on the open market or rent out the entire unit. Additionally, HDB property owners cannot buy private residential properties before reaching this MOP.
"Owner Doing Contra" simply means that the current owner is looking into selling his unit and buying another one and wanted both transactions to be executed at the same time.
Allowing you to sell your existing HDB flat in order to upgrade to another resale HDB flat back to back, using the sale proceeds and refunded CPF monies.
From August 2023 onwards, first-time homebuyers who register one non-selection will be relegated to second-timer status for a year. If they then still decline to choose a flat, they will be blocked from HDB sales exercises for a year. The change will also apply to the Sale-of-Balance-Flats (SBF) programme.
Contra Unit is a villainous professional wrestling stable in Major League Wrestling (MLW) and Southern Honor Wrestling (SHW). It consists of Ikuro Kwon and Mads Krügger.
Yes you can appeal to hdb requesting them to take back your flat , however chances are slim for your appeal to be successful. Even if your appeal is successful, you will probably get a better price for yourself if your hdb is sold to the open, resale market instead .
Both essentially do the same thing – it is an additional loan that makes up the shortfall in funds while waiting for the sale proceeds from your resale of the current property.
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